Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Exchanges Unveil Emergency Hard Fork Contingency Plan
by
Amph
on 18/03/2017, 06:29:58 UTC
Summary

TLDR = BU fork will only be added to exchnages with proper replay protection and it will be an altcoin called BTU / XBT

https://www.scribd.com/document/342194766/Hardfork-Statement-3-17-11-00am
https://fs.bitcoinmagazine.com/assets/exchange_handling_of_contentious_hard_fork_event.pdf

20 Exchanges in the document that say the original chain with remain bitcoin / btc regardless of outcome :

Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif

2 signers agree with document but place an exception that they reserve the right to rename BTU as BTC if the supermajpority switches :

ShapeShift  - If BTU sees 95% it wins the name BTC, otherwise the original chain remains BTC -
https://twitter.com/ErikVoorhees/status/842830189474136064

Kraken - At their discretion - https://www.reddit.com/r/Bitcoin/comments/5zz6cu/important_the_exchange_announcement_is_indicating/df2fnyz/

----------------------------------

2 more exchange joined this list :

21) Bitmex  

https://twitter.com/BitMEXdotcom/status/842796617120059393

https://blog.bitmex.com/a-statement-on-the-possible-bitcoin-unlimited-hard-fork/

22) poloniex
  
https://poloniex.com/press-releases/2017.03.17-Hard-Fork/

https://twitter.com/Poloniex/status/842789390518812673


poloniex is actually saying that if you have bitcoin in your wallet, you can withdrawn those as they are bbitcoin unlimited, this does not sound like an altcoin to me but more like having the same coins twice

this is dangerous it can certainly kill the value on both chain, since people will get coins for free